Quality of Life Foundation of Austin Inc (EIN 742394827) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1985

Legal Domicile

Principal Officer

Jeremy Martin

Phone

5124789383

Tax Period

2023-01-01 to 2023-12-31

Quality of Life Foundation of Austin Inc, founded in 1985, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $296K in total revenue in fiscal year 2023. Revenue fell 52% from the prior year — a significant decline worth monitoring. Expenses of $810K exceeded revenue, resulting in a 174% operating deficit.

Mission

The Foundation's purposes include, but are not limited to, the support of cultural, historical, research, conservation, environmental, beautification, and general community development activities benefiting the City of Austin, the State of Texas, or the United States.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $295,548

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $295,548

Expense Breakdown

Grants Paid $642,035

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $808,282

Other Expenses $167,961

TOTAL EXPENSES $809,996

Year-over-Year Comparison

	2023	2022	Change
Revenue	$295,548	$610,473	-0.5%
Expenses	$809,996	$452,114	+0.8%
Net Income	$-514,448	$158,359	-4.2%

Key Indicators

✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$267,289

Total Directors

$267,289

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Jeremy Martin	President	0.25	Officer Director	$0	$34,859	$267,289
Ali Khataw	VP/Secretary	0.25	Officer Director	$0	$0	$0
Rudy Garza	Treasurer	0.25	Officer Director	$0	$0	$0
Karen Kennard	Director	0.25	Director	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2023	$295,548	$809,996	$1,057	$-514,448
2022	$610,473	$452,114	$541,172	$158,359
2021	$328,399	$760,008	$382,813	$-431,609
2020	$305,914	$1,275	$788,755	$304,639
2019	$424,317	$592,500	$588,270	$-168,183
2018	$717,500	$972,052	$931,453	$-254,552

Quality of Life Foundation of Austin Inc